05:24 PM EDT, 08/19/2025 (MT Newswires) -- Orion Energy Systems' ( OESX ) board and shareholders have approved a 1-for-10 reverse stock split of its common stock, and the company secured a $2 million contract to install four high-power direct current electric vehicle chargers and related infrastructure at two Massachusetts Department of Transportation service plazas, the company said in separate statements late Tuesday.

Orion's stock will begin trading on a split-adjusted basis on Friday under the ticker OESX. The reverse split is intended to lift Orion's stock price above Nasdaq's $1.00 minimum bid threshold, it said.

Orion also reiterated its 2026 guidance, aiming for roughly $84 million in revenue and a positive adjusted earnings before interest, taxes, depreciation, and amortization, the company said.

The company's shares were down 6% in after-hours activity.